§ 8-115. Principal as permanent fund - Kept at interest.  


Latest version.
  • The principal amounts deposited with said treasurer shall be and remain a permanent fund and no portion thereof shall ever be spent, but that the same shall, as far as practical, be kept at interest and the interest thereof shall be paid to said cemeteries, depositing the principal thereof to be used by said cemetery boards or associations for the permanent upkeep of said cemetery or graves.

Laws 1941, p. 18, § 5, emerg. eff. June 6, 1941.